Making a Will and/or Lasting Powers of Attorney
Most of us have some wealth to leave behind. Most of us know who we want to leave it to. If you die without making a Will (‘intestate’) then your estate passes to your next of kin, who can decide how to dispose of it – or keep it. However, if you don’t want to leave it to chance and want to leave specific bequests, e.g., jewellery to a favourite niece, a watch to your Godson, £100 to the local cats-home, a piece of silver to the next-doorneighbour who looked after you – then it’s essential to have it written down. Whatever you write down in making a Will, has to be executed in law. You might also need to consider giving someone you trust a Lasting Power of Attorney (see below). in case you become unable to make decisions for yourself.
Any lawyer will advise you to make a Will so as to leave your affairs in order ‘for the avoidance of doubt’. At Mancini Legal we’re no exception and our friendly team will make sure your wishes are noted correctly. We are also happy to act as executors, and make sure your legacies end up where you want them to.
If you have a significant estate – property, a share portfolio, items of individual value – it is also worth talking to our Trust team to see how you can best protect your wealth from inheritance tax (IHT) or people that you do not wish to benefit from your wealth after your death. If you become unable to look after your money, or your health, whilst you are alive, it is also important to give someone you trust a Lasting Power of Attorney to protect your interests.
Wills and Trusts
Our Wills are prepared on a fixed fee basis with an initial amount for the basic Will and added fees for more complex clauses. At our first meeting with you, we will go over your requirements and give you a comprehensive quote on the cost of your Will.
|Basic Codicil||From £125 + VAT (subject to client|
|Single Basic Wills||From £250 + VAT (subject to client|
|Mirror or Joint Basic Wills||From £385 + VAT (subject to client|
|Additional Clauses||From £75 + VAT (subject to client|
|Trusts||From £400 + VAT (subject to client|
|Admin – Registration or Certainty||£30 + VAT (per Will)|
|Retrieval Fee||£37 + VAT|
|Store Will||£30 + VAT|
|Multi-Trust Storage||£75 + VAT|
|Home Visits (within 5 miles of one of our offices)||Amount|
|Horsham Fee||£75 + VAT|
|Haywards Heath||£75 + VAT|
Other areas on request:
|First 30 minutes||free|
|Over 30 minutes||from £50 +|
In addition, the following disbursements are required at the outset:
|Administration/file set-up fees||£50 + VAT|
|Costs for ID checks (per person) (Will only)||£10 + VAT|
|AML (Anti Money Laundering) Checks (per person)||£10 + VAT|
Lasting Power of Attorney (LPA)
As we get older, we are not always able to look after ourselves and make judgements required to look after our wealth and our health. Today it is increasingly common to give a loved one, or someone else you trust, what is called a Lasting Power of Attorney. That means they can make decisions for you if you are considered ‘unfit’ or ‘lacking capacity’ to make those decisions yourself. There are two types, ‘Property and Financial’ and ‘Medical and Welfare’. You can select the same person for both.
We charge separately for either type, but offer a discount if you do both at the same time
|Type of LPA||Cost for Single||Cost for double||Cost for Mirror|
|Lasting Power of Attorney for Financial||From £400+ VAT||From £700+ VAT||From £1200+ VAT|
|Lasting Power of Attorney for Health & Welfare||From £395+ VAT||From £700+ VAT||From£1200+ VAT|
In addition, the following disbursements will be required:
|Administration/file set-up fees||£50.00 +VAT|
|Costs for ID checks (per person)||£10.00 +VAT|
|Application Fee to the Court of Protection||£82 per LPA|
In addition to the fees quoted above, a number of disbursements may or may not be payable. Disbursements are payments made to third parties on your behalf and these are a standard part of the process. These statutory fees are not set by Mancini Legal and will be the same no matter which solicitor you choose. Below is a list of some common disbursements and their usual cost
|Company Due Diligence Check||£25.00 +VAT|
Key Stages and Timescales
|Key Stage||Timescale (in weeks)|
|Basic Wills||2-6 Weeks|
|LPA’s Note the Public Guardianship Office can take 6-8 weeks for registrations.||2-4 weeks|
Please also note that the time scale depends on the time spent by you to review the documents, any changes required on them and, if you are making LPAs, on how long the certificate provider and each of your appointed attorneys (when more than one) take to complete the form.
Common scenarios and costs
Simple Mirror Wills
With no great value to their estate, Mr and Mrs Higgs want to make what are known as ‘mirror’ wills, each initially leaving everything to the other. Whichever one outlives the other will then take on responsibility for making a subsequent will and passing their wealth on to family members or others. Doing this does not preclude asking each other to make personal small bequests on their behalf after they have passed. This is a very simple and cost-effective way of ensuring the future. They agree between themselves that at some future stage they may also create LPAs if there is a risk that they might get to a stage when they lack the capacity to make their own decisions. Mancini Legal can create these mirror wills at the lowest cost.
A sensible Lasting Power or Attorney
Mr A’s mother is in her eighties and, whilst she very much has all her faculties, she is housebound. Her eyesight is also failing and her health in general is deteriorating. Her son manages her care, and carers come in every day. She and her son discuss her finances, but she worries that the day will come when she is not as sharp or well as she used to be and somebody else will need to make the decisions for her. Shrewdly she asks her son to organise Lasting Powers of Attorney through Mancini Legal for both her finances and her health, as doing both together will save money. It will also let him make quick decisions when they need to be made.
Leaving a range of bequests and legacies
Mrs Holden has survived two husbands who, sadly, both pre-deceased her. She had children with both and has benefited from legacies and growth in value of property and other assets. Getting older she wants to be scrupulously fair and transparent with the children (and now grandchildren) and wants to organise her affairs to get them in order ‘just in case anything should happen’. She needs advice on how best to make a will that is fair to all parties – this is actually quite straightforward and based on a standard ‘menu of costs’. As the size of her estate will almost certainly attract IHT, at the same time she wants to consider creating Trusts for her legatees. She is also considering making a law firm one of her executors in case there is a dispute. Finally, she decides it makes sense to create Lasting Powers of Attorney for a trusted younger friend outside of the slightly complicated family situation. This is very much bespoke advice, but Mrs Holden is happy it creates an organised and stressfree situation should her health deteriorate
Our Team of Will and LPA Professionals
Solicitor, LLB, DipIp
Qualified : 2009
Private Client Manager and Trust Specialist
FCII CeMAP/Chartered Insurer
Experience 30+ years
Family Law & Private Client Manager
Nadine Moaddel is a family and private client solicitor with 6 + years of experience working in the law.
Nadine qualified as a solicitor in January 2018.